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Freedom, Capitalism, And Institutions For Delivering Social Justice

Author

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  • Nisigandha Bhuyan

    (Indian Institute of Management Calcutta)

Abstract

The economic system of capitalism thrives on two things: individuals? freedom and private property rights. However, individual freedom as it has come to be understood by modern political and economic institutions is only limited to individual choice. If individual choice, in the name of freedom, is so promoted then social justice remains to be a highly distant idea. Social justice can be possible if only choice is morally reasoned and importance is given to what is chosen rather than self-gratifying individual choice. In other words, do economic and political systems allow room for philosophical deliberations, beyond ornamental, instinctive and/or idiosyncratic discussions.

Suggested Citation

  • Nisigandha Bhuyan, 2016. "Freedom, Capitalism, And Institutions For Delivering Social Justice," Proceedings of International Academic Conferences 3505742, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:3505742
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    File URL: https://iises.net/proceedings/22nd-international-academic-conference-lisbon/table-of-content/detail?cid=35&iid=014&rid=5742
    File Function: First version, 2016
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    More about this item

    Keywords

    ethics; capitalism; social justice; moral reasoning; individual freedom;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values

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